Fitch: Denali Fund Preferred Shares PIF

CHICAGO--()--The following outstanding shares from The Denali Fund Inc. (NYSE: DNY) a closed-end fund co-advised by Boulder Investment Advisers LLC (BIA) and Stewart Investment Advisers (SIA) have been fully redeemed and are paid in full, according to Fitch Ratings:

--$21,950,000 of auction preferred shares (APS), series A to PIF from 'AAA'

Stockholders of DNY approved an agreement and plan of reorganization pursuant to which DNY will transfer all of its assets to Boulder Growth & Income Fund, Inc. (BIF) in exchange for shares of BIF, and BIF will assume all of the liabilities of the fund.

Additional information is available at 'www.fitchratings.com'.

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Applicable Criteria and Related Research:

--'Rating Closed-End Fund Debt and Preferred Stock' (Sept. 4, 2014).

Applicable Criteria and Related Research:

Rating Closed-End Fund Debt and Preferred Stock

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=765528

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=981082

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Contacts

Fitch Ratings
Primary Analyst:
Russ Thomas, +1-312-368-3189
Director
Fitch Ratings, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Secondary Analyst:
Yuriy Layvand, CFA, +1-212-908-9191
Director
or
Alyssa Castelli, +1-212-908-0540
Media Realtions, New York
alyssa.castelli@fitchratings.com
or
Elizabeth Fogerty, +1-212-908-0526
Media Relations, New York
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst:
Russ Thomas, +1-312-368-3189
Director
Fitch Ratings, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Secondary Analyst:
Yuriy Layvand, CFA, +1-212-908-9191
Director
or
Alyssa Castelli, +1-212-908-0540
Media Realtions, New York
alyssa.castelli@fitchratings.com
or
Elizabeth Fogerty, +1-212-908-0526
Media Relations, New York
elizabeth.fogerty@fitchratings.com